Monday, January 25, 2021

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/17/2021-1/24/2021

 

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 1/17/2021-1/24/2021



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 1/17/2021-1/24/2021: There were a total 68 changes to the Long Beach Island real estate market this week. This seems to be the average change in the MLS over the past few days during the age of COVID. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 16 new listings entered the market with an average price of $1,597,125
  • 27 listings went under contract with an average listing price of about $1,355,259
  • 12 properties sold on Long Beach Island with an average price of $1,244,083
  • 2 listings were either withdrawn of expired in the LBI real estate market


By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

More LBI Real Estate Information:

Credit History and the LBI Real Estate Market

Credit Reports in the LBI NJ Real Estate Market

What is a Co-Borrower in the LBI Real Estate Market



Tuesday, January 19, 2021

Conventional Mortgages in the Long Beach Island Real Estate Market

 

Conventional Mortgages in the Long Beach Island Real Estate Market




Long Beach Island Real Estate

A conventional mortgage is among the most common type of loans we see employed in the LBI real estate market. This loan product will usually offer a fixed interest rate over a set time (typically 15 or 30 years). Regular monthly payments will consist of principal and interest on an amortization schedule. Before buying a home on Long Beach Island, you should speak with a lender to familiarize yourself with the current lending environment and the types of loans available, as well as the terms associated with each loan.

Conventional Mortgages in the Long Beach Island Real Estate Market

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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Monday, January 18, 2021

How Much Have Long Beach Island Real Estate Home Prices Increased Since Coronavirus?

 

How Much Have Long Beach Island Real Estate Home Prices Increased Since Coronavirus?



Long Beach Island Real Estate and COVID-19

Everyone is well aware of the impacts COVID-19 has had on our lives. It seems that nearly every aspect of life has been impacted by a coronavirus, and the Long Beach Island real estate market is no exception. Anyone who has followed home prices on my website or the LBI real estate market, in general, is aware of the higher prices, lower inventory, and increased demand for real estate in our area. It is much more difficult to understand how much have Long Beach Island real estate home prices increased since coronavirus, and that is what we will be discussing in today’s article.





Sunday, January 17, 2021

LBI Real Estate Weekly Sales Update 1/10/2021-1/17/2021

 

LBI Real Estate Weekly Sales Update 1/10/2021-1/17/2021



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 1/10/2021-1/17/2021: There were a total of 87 changes to the Long Beach Island real estate market this week. This represents a drop off compared to a few months ago but is still a strong showing for real estate activity on Long Beach Island. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold, and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

  • 15 new listings entered the market with an average price of $1,311,793
  • 30 listings went under contract with an average listing price of about $1,330,743
  • 21 properties sold on Long Beach Island with an average price of $1,587,940
  • 11 listings were either withdrawn of expired in the LBI real estate market

LBI Real Estate Weekly Sales Update 1/10/2021-1/17/2021











Saturday, January 16, 2021

Long Beach Island Real Estate Oceanfront Single Family Home Sales in 2020

 

Long Beach Island Real Estate Oceanfront Single Family Home Sales in 2020




Long Beach Island Real Estate Oceanfront Sales

The oceanfront sales market on Long Beach Island saw some very interesting activity in 2020. In this article, we will be looking at single-family homes on the oceanfront only to see how the most expensive facet of the Long Beach Island real estate market reacted to coronavirus. The short answer is, the oceanfront sales market saw roughly DOUBLE the buyer activity in the second half of 2020 compared to the first half of 2020 with some very high prices being paid for this highly sought-after location.


Long Beach Island Real Estate Oceanfront Single Family Home Sales in 2020




Friday, January 15, 2021

Long Beach Island Real Estate New Construction Sales

 

Long Beach Island Real Estate New Construction Sales





LBI Real Estate New Home Sales in 2020 were one of the most impacted areas of the Long Beach Island real estate market as we all adjusted to COVID-19. It is fair to say that coronavirus has changed the way we all work and live, and these changes undoubtedly helped to fuel the demand for new homes on LBI. We saw a significant increase in both the number of homes sold and the price during the second half of 2020 which mimics the demand for a remote living and working space. New construction offers some interesting opportunities for buyers in the market, both by building new for yourself or by the purchase of a finished home. For one of the first times in years, new home sales were not limited to only single-family homes but also to large condominium complexes in Beach Haven and Ship Bottom!


Long Beach Island Real Estate New Construction Sales


By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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